April 6, 2011

GENM - Genting Malaysia rated 'buy' at Macquarie

Stock Name: GENM
Company Name: GENTING MALAYSIA BERHAD
Research House: MACQUARIE GROUP

Genting Bhd was cut to “neutral” from “outperform” at Macquarie Group Ltd because of minimal upside to its share price and prefers the Malaysian casino group’s Genting Malaysia Bhd unit.

The share price estimate was cut to RM11.60 from RM13, according to the report.

Genting Malaysia was rated new “outperform” with a target price of RM4.25. -- Bloomberg

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